Please explain and show work:

Class Work on Ch. 2(Financial Statements and Taxes)

Cash 2000 Common Stock 25000

Marketable Securities 15000 Land 10000

Accounts Payable 5000 Sales 100000

Notes Payable 3000 Buildings 750000

Inventory 5000 Accumulated Dep 15000

Machinery 400000 Retained Earnings 500000

Depreciation 3000 Receivables 10000

1. What is the Value of Current Assets? __________________

2. What is the value of Net Fixed Assets_______________

3. What is the Total Stock holders Equity ___________________

2. Georgia Office Supplies recently reported $12,500 of sales, $7,250 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges and no non-operating income. It had $8,000 of bonds outstanding that carry a 7.5% interest rate, and its federal-plus-state income tax rate was 40%. The firm had 1000 shares outstanding

1. How much was the firm's taxable income, or earnings before taxes (EBT)?

2. What is the firms EPS assuming a Dividend of $ 100

3. The following information is gleamed from GFW, Inc. records.

Operating profit $300,000

Interest income $ 15,000

Dividend income $ 15,000

Interest expense $ 10,000

Dividend payments $ 6,000

1. Find the Tax Expense (use tax schedule):

2. Find the after tax income:

3. The Average Tax rate is _________________

4. Godfrey Corporation had net fixed assets of $2,000,000 at the end of 2017 and $1,800,000 at the end of 2018. In addition, the firm had a depreciation expense of $200,000 during 2018 and $180,000 during 2017. Using this information, Godfreys s net fixed asset investment for 2018 was

5. Caspian Inc. a NYSE listed corporation, plans to invest in Marketable securities their surplus funds. . It is choosing from AT&T bonds yielding 6%, Florida tax free Municipal Bonds Yielding 4%, and AT&T pref. stock yielding 5% Caspian pays 50% tax on income. What investment would yield the best return?